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Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases

The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway.

The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others, the Australian central bank announced on Thursday morning local time.

In a statement, RBA Assistant Governor Brad Jones said the participants in the pilot projects include a wide array of industry representatives, from “smaller fintechs to large financial institutions.”

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